766123 - Study guides, Study notes & Summaries

Explain briefly and in general terms what is the meaning of a security and how it facilitates direct lending and borrowing. (5) A Security, also known as a financial instrument, is a claim on the issuers future income or assets. Borrowers are able to sell to lenders directly within financial markets. One type of financial market is the Bond market which is important because it enables government to borrow in order to finance their activities, bond markets are also where interest rates are d...

ECS3701 Assignment 1 (QUIZ) Semester 1 2023 ()